DPBE Deep Blue Marine Inc (CE)

Deep Blue Marine, Inc. (PINKSHEETS: DPBE) today announced that Cross Marine Projects of American Fork Utah has withdrawn from the joint venture agreement to possibly perform work in an ongoing and very preliminary pending negotiation for recovery work in Iraq. With the current work load of Cross in other areas of the world, Cross has elected to withdraw its name as a participant in these negotiations.

Both Deep Blue and Gaiacor have elected to continue working with the officials from United Nations and Iraq to investigate if there is a way for the two companies to assist and be involved in this highly sensitive and ecological problem in one of the region's most important waterways. Though far from any solution or any contract, the parties have met with United Nations officials once and have visited the region once to ascertain the situation and the opportunity. Many questions remain unanswered at this time and there appears to be no quick resolution to the existing problems which affect the area in question.

For more information on Deep Blue Marine, Inc. (PINKSHEETS: DPBE) go to www.alldeepblue.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Deep Blue Marine, Inc. 801-201-4691